Wal-Mart Stores, Inc (WMT), the world's largest retailer, posted earnings per share of $1.14 for the third quarter of its fiscal 2014, beating analysts expectations by a penny a share but failing to record the sales that Wall Street wanted to see.
But the Bentonville, Ark., company's reported $115.69 billion in revenue, up $1.76 billion year-to-year, missed analyst expectations by $116.84 billion. The company's Sam's Club subsidiary helped the company increase earnings.
Wal-Mart also cut its full-year guidance to a range of $5.11 to $5.21 a share, from its previous view of $5.10 to $5.30 a share.
After the announcement, the company’s shares fell in pre-market trading.
Wal-Mart Stores, Inc. (WMT) FY14 Q3 Earnings Beat Expectations By A Penny A Share, Revenue Falls Short
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